Skip to main content
Market Signals Weekly Update Posted on 09-26-2022

Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items:

  • Corn, soybean and wheat futures dropped last week on recession worries, higher US Dollar and slow export demand
  • Fact US Central Bank raised US interest rates 75 basis points. Talk of higher rates sent USD higher and commodity prices lower.
  • Ukraine, Argentina and Brazil corn prices are lower than US. Brazil and Argentina soybean, soymeal and soyoil prices are lower than US.
  • Last week, December corn futures dropped from 6.98 to today low of 6.65. Higher USD weighed on corn futures.
  • USDA Sep 30 grain stocks is expected to be near 1,525 mil bu. 2022/23 carryout  is 1,219. Some could see 1,510 due to lower exports
  • Last week, November soybean futures traded from 14.88 down to today’s low near 14.08 on lower export demand and higher USD.
  • USDA Sep 30 grain stocks is expected to be near 240 mil bu. 2022/23 carryout is 200. Some could see 310 due to lower exports
  • Last week, December Chicago wheat futures dropped from 8.91 to today’s low near 8.54. on higher USD
  • US corn crop was rated 52 pct G/E with 13 pct harvest , soybeans 55 pct G/E with 11 pct harvest. USDA est 33 pct US winter wheat crop is planted
  • US south plains is dry. Central China is dry. Most of EU is seeing rains. Russia is seeing rains. Brazil and E Argentina is seeing rains.
  • Flooding in Philippines, Pakistan, Vietnam, Thailand and US SE could raise concerns about crops and supply chain problems.

Performance Charts

Now you can review the price and performance history of the Market Signals group back to 2011.
Click Unsold pieces to reveal Recommendations, when applicable.

All price recommendations below are futures price references (not cash equivalents).


2022-crop

(December 2022 Futures)
09-26-2022 Board Settle Price: $6.6625

2023-crop

(December 2023 Futures)
09-26-2022 Board Settle Price: $6.1100

2022-crop

(November 2022 Futures)
09-26-2022 Board Settle Price: $14.1125

2023-crop

(November 2023 Futures)
09-26-2022 Board Settle Price: $13.4950

Chicago Wheat 2022-crop

(December 2022 Futures)
09-26-2022 Board Settle Price: $8.5800

Chicago Wheat 2023-crop

(July 2023 Futures)
09-26-2022 Board Settle Price: $8.6550

KC Wheat 2022-crop

(December 2022 Futures)
09-26-2022 Board Settle Price: $9.2950

KC Wheat 2023-crop

(July 2023 Futures)
09-26-2022 Board Settle Price: $9.1000

MPLS Wheat 2022-crop

(December 2022 Futures)
09-26-2022 Board Settle Price: $9.3125

MPLS Wheat 2023-crop

(December 2023 Futures)
09-26-2022 Board Settle Price: $8.9800

ADM is providing this communication for informational purposes, and it is not a solicitation or offer to purchase or sell commodities. The sources for the information in this communication are believed to be reliable, but ADM does not warrant the accuracy of the information. The information in this communication is subject to change without notice. If applicable, any information and/or recommendations in this communication do not take into account any particular individual's or company's objectives or needs, which should be considered before engaging in any commodity transactions based on these recommendations. ADM or its affiliates may hold or take positions for their own accounts that are different from the positions recommended in this communication.